Distillers Dried Grains with Solubles (DDGS) Market To Attract Revenues Worth USD 15.75 Billion and 6.86% CAGR By 2030 – Report by Market Research Future (MRFR)
Distillers Dried Grains with Solubles (DDGS) Market Research Report Information By Sources (Organic, and Synthetic), By Application (Soil, Foliar, Fertigation, and others), By Form (Nitrogen, Potassium, Phosphate, and others), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030 By MRFR
Tokyo, Japan, April 29, 2023 (GLOBE NEWSWIRE) -- Market Research Future (MRFR) 's report highlights “*Distillers Dried Grains with Solubles (DDGS) Market** Information By Sources, Application, Form, And Region - Forecast till 2030*"; the market will achieve USD 15.75 billion by 2030 at a 6.86% CAGR.*Market Synopsis*
Due to its high nutritional value, demand from livestock producers, and the requirement for affordable nutrients, the DDGS feed market is expanding. The dry by-product of the distillation process, which distillers dried grains with solubles (DDGS), is made from various raw materials, including cereal and wheat blends. For use in animal feed, distillers dried grains with solubles are regarded as a great, reasonably priced ingredient. Distiller grains are a superior energy source, frequently testing anywhere from 85% to 95% of all nutrients that can be digested. Around the world, corn is the main source of DDGS. To create dry or wet distiller grains with solubles, corn condensed distiller solubles are typically added back to the coarse grains throughout the process.
Unlike conventional animal feed, distillers dried grains with solubles are much higher in protein, phosphorus content, and energy. The primary driver of its rising demand from the feed industry is distillers' dried grains with solubles' high crude nutrient concentration. Because of their nutrient profile, corn condensed distiller solubles are a valuable supplement for beef cattle, given diets high in low-quality forage. Beef, dairy, swine, and poultry are the main animals receiving DDGS. Distiller grains are appealing to grazing cattle because of the energy they provide. The energy obtained from the distiller's grains consists mainly of digestible dietary fiber and fat because the starch has been removed. DDGS and other nutrient ingredients for livestock are mixed into the feed to prepare it. It is a cereal by-product of distilleries that is nutrient-rich in fiber, protein, and other macronutrients. The alga has a wide range of uses in the animal feed and biofuel industries. While some of the DDGS from the ethanol industry is used to produce biofuel, the majority is used as animal feed.
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*Report Scope:*
*Report Attribute* *Details*
Market Size USD 15.75 Billion
CAGR 6.86% (2023 to 2030)
Base Year 2022
Forecast Period 2023-2030
Historical Data 2019 - 2021
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Sources, Application, Form, and Region
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW) Key Market Drivers Growth in Ethanol Production
*Market Competitive Landscape:*
The valuable contenders in the distillers dried grains with solubles market are:
· Archer Daniels Midland (U.S.)
· Nugen Feeds & Foods (India)
· J. D. HEISKELL HOLDINGS LLC (U.S.)
· Globus Spirits Ltd. (India)
· CropEnergies (Germany)
· CHS Inc. (U.S.)
· Kent Feeds (U.S.)
*Market U.S.P. Covered:*
*Market Drivers:*
Once this product is easily accessible on the market, small breeders and regular consumers can also use it, which is anticipated to increase the need for distillers' dried grains with solubles throughout the forecast period. Corn is the main input into the fermentation process that produces ethanol. Protein and fat are the only nutrients left in the corn after removing the starch content. The inclusion of DDGS in cattle compound feeds affects the growth of milk yield and the fat and protein content of the milk. Markets for DDGS may exist in nations with high cornmeal prices. Since distillers dried grains with solubles have enough nutrients, it is well known that the animal feed market is expanding significantly worldwide. As a result, manufacturers may choose to concentrate on creating animal feed products that already contain distillers' dried grains with solubles, which will assist in seeing the distillers dried grains with solubles in the marketplace expand significantly over the forecast period.
The cost and accessibility of alternatives, such as maize and soybean meal, are two important determinants of whether DDGS is an affordable animal feed ingredient because DDGS only partially replaces those alternatives. Since ethanol is a by-product of the process, the demand for DDGS is closely related to ethanol production. Because of the increasing need for biofuels and clean energy sources, the global ethanol market has been expanding steadily in recent years. As a result, DDGS manufacturing and accessibility have increased, lowering prices and improving its appeal as a feed ingredient. Due to population expansion, rising incomes, and shifting dietary preferences, there is a rapid increase in the need for animal protein, including eggs, milk, and meat. Due to its low cost as a source of protein and energy, DDGS has seen increased interest in animal feed ingredients. Regarding price and nutritional value, DDGS meal is closer to corn. Additionally, due to the health advantages, the demand for distiller's dried grains with solubles increased internationally.
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*Market Restraints:*
The health risks from the volatile compounds found in DDGS will restrain market expansion overall during the forecast period.
*COVID 19 Analysis*
Dry matter, including corn grains, is currently fed to farm animals in dairy operations, making up an important part of their diet. Corn prices are rising along with the market's demand for renewable fuel. The accessibility of ethanol by-products like distiller's grain for dairy farms has increased as ethanol production has increased. The availability and affordability of the grains used as cattle feed, which were restricted during the COVID era, are also increased with the construction of fresh ethanol plants in various locations.
*Browse In-depth Market Research Report (110 Pages) on Distillers Dried Grains with Solubles (DDGS) Market: **https://www.marketresearchfuture.com/reports/distillers-dried-grains-solubles-market-4628*
*Market Segmentation*
By application, the market includes soil, foliar, and fertigation. By sources, the market includes organic and synthetic. By form, the market includes nitrogen, potassium, and phosphate.
*Regional Insights*
The substantial demand for animal feed, anticipated to rise with the expanding population and increasing levels of income, drives DDGS demand in the North American region. Additionally, the region's emphasis on sustainable agricultural methods has increased the utilization of DDGS in animal feed because it is more affordable and has a smaller carbon footprint than conventional feed ingredients. Due to an increasing need for animal-based proteins and the high nutritional value of DDGS, Europe has the second-largest market share for distillers' dried grains with solubles (DDGS). Germany, France, and the U.K. are the three countries that produce the most DDGS in Europe. To encourage sustainable agricultural practices, the European Union (E.U.) established goals to decrease traditional animal feed use and foster sustainable protein sources, such as DDGS.
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